Gucci Renews Lease At Trump Tower On Fifth Ave | 725 5th Avenue (@TrumpTower) | Retail | Lease

Summary

Lease

NEW YORK

Retail

14,080 sqft

The retail property located at 725 5th Ave. in New York City has recently been involved in a lease transaction.

Summary of transaction details

Property Type: Retail
Date: 02/24/2021
Tenant: Gucci
Landlord: Trump Organization

Gucci, the well-known luxury brand, has signed a lease renewal for the space at Trump Tower. The asking rent for this deal was undisclosed. However, according to a 2012 SEC filing, it was revealed that Gucci had been paying an annual rent of $18.7 million for the space, which equates to $384.40 per square foot.

The lease renewal at Trump Tower signifies the continued presence of Gucci in this prime retail location. With its prestigious address on 5th Ave., the property offers high visibility and foot traffic, making it an ideal choice for luxury brands like Gucci.

Details

Deal Summary

LEASED

IMAGE: Donald Trump Jr., President Donald Trump 🇺🇸, Eric Trump, Marco Bazzarri & Ivanka Trump DATE: 02/24/2021 ADDRESS: 725 5th Ave. (@TrumpTower) ASSET TYPE: Retail TENANT: @Gucci LANDLORD: @Trump Organization NOTE: @Gucci has signed a lease renewal @TrumpTower. Asking rent was undisclosed for this deal. However, previous financial terms were disclosed in a 2012 SEC filing, indicating that @Gucci was paying $18.7 million in annual rent for the space ($384.40/ft.)

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Address725 5th Avenue (@TrumpTower)

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